S&P cuts PRASA’s revenue bonds ratings to ‘CC’ and ‘D’
July 13, 2016
S&P Global Ratings lowered its ratings on the Puerto Rico Aqueduct & Sewer Authority's series 2008 and 2012 senior-lien revenue bonds two notches to 'CC' from 'CCC-'. The outlook is negative.
chat_bubble1 Comment
visibility2075 Views
S&P: Puerto Rico debt moratorium could lead to default
April 7, 2016
Standard & Poor's Ratings Services said Wednesday the legislation enacted giving Puerto Rico Gov. Alejandro García-Padilla the power to suspend debt service payments would lead to a further credit downgrade, to “default” status.
chat_bubble0 Comment
visibility2714 Views
A.M. Best: P.R.’s insurance sector hit by debt crisis
August 11, 2015
Although most insurance carriers in Puerto Rico maintain sufficient capital to support lower bond ratings given their adequate capital positions and manageable exposures to the Puerto Rico municipal bond market, there will be circumstances where rating actions may have to be taken, ratings agency A.M. Best said.
chat_bubble0 Comment
visibility4132 Views
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
